Age Of Parallax Inequality: The time interval be tween perigee of the Moon and the maximum effect of parallax upon range of tide or speed of the tidal current. This age may be computed from the harmonic constants by the formula: age of parallax inequality = 1.837(M2° – N2°) hours.

 

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Age Of Parallax Inequality: The time interval be tween perigee of the Moon and the maximum effect of parallax upon range of tide or speed of the tidal current. This age may be computed from the harmonic constants by th . . . View Full Definition

Overage: Apples mainly to convertible securities. Difference between how much common stock one party must sell and the other wishes to buy for the same amount of convertible in a swap.

Oxidizing Agent: A reactant that removing electrons from other reactants in a chemical reaction. Oxidizing agents cause other substances to be oxidized in chemical reactions while they themselves are reduced . . . View Full Definition

Overall Market Price Coverage: Total assets less intangibles divided by the total of the market value of the security issue and the book value of liabilities and issues having a prior claim. This is used to determine how . . . View Full Definition

Ov Language: A language that tends to place the grammatical object before the verb in a sentence. Japanese is an example of an OV language. Contrast with VO languages. (pronounced 'oh-vee')

Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than t . . . View Full Definition

Outside Of You: Used for listed equity securities. Another order bidding for or offering stock at the same price that the trader has put on the floor himself, represented by another broker in the trading cr . . . View Full Definition

Pace Of Play: Time taken to play a stroke, hole or round, usually thought of in terms of maximum allowable time with an associated penalty for exceeding that time: covered by rule 6-7 of the usga rule book

Package: Tickets or services bundled together and sold at single all-inclusive price.

Packers And Stockyards Act Of 1921: P.L. 67-51 (August 15, 1921) remains, in amended form, the basic authority for USDA to regulate marketing practices in the livestock, poultry, and meat industries. The law was enacted to pre . . . View Full Definition